The Olive Market is being driven by Growing demand from food industry
The Olive Market is expected to grow at a CAGR of 3.7% during 2022 and 2027. During this period, the market is also expected to show a growth of 911.64 th t. The olive market has witnessed significant expansion over the past two decades, with an increasing number of countries joining the production scene. Traditional olive-producing nations in the Mediterranean region have been joined by emerging producers such as the USA, Australia, Chile, China, and India. Although these countries account for less than 2% of the global olive oil production, their entry into the market has had a positive impact. They aim to reduce imports and increase domestic production, while also expanding their export market share, contributing to the overall growth of the olive market during the forecast period.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
143 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.7% |
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Market growth 2023-2027 |
911.64 th t |
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Market structure |
market_structure.ucfirst |
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YoY growth 2022-2023(%) |
3.9 |
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Key countries |
US, Turkey, Spain, Italy, and Greece |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The olive market, a significant segment of the global packaged foods and meats industry, is renowned for its flavor profile, which ranges from fruity to bitter and includes grassy notes. Olives are rich in vitamin E and boast numerous health-promoting properties, making them a popular choice for consumers prioritizing health and wellness. Culinary versatility adds to their appeal, as they can be used in various dishes. Technavio, a leading market research firm, sizes the global packaged foods and meats market based on the revenue generated by its constituents, which includes olive manufacturers and processors. This market segment falls under the global food products sector of the broader food, beverage, and tobacco market. It is essential to note that this market does not encompass food processing equipment manufacturers or producers of packaged alcoholic and non-alcoholic beverages, excluding mineral waters.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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